February 16th, 2011 11:28:28 GMT

More Merve….

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What really matters for policy is not current rate of inflation but medium-term outlook Didn’t raise rates in February because MPC sees CPI risks equally balanced at present Domestic contribution to inflation is low It is clear that at some … Continue reading

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February 15th, 2011 12:10:12 GMT

Cable extends rally

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Stops through 1.6115 were duly found and we’ve been as high as 1.6133 so far, presently at 1.6128. Sterling bulls have been emboldened by tone of Kings’ inflation letter to the Chancellor.  It certainly gave me the impression the Old … Continue reading

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